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12) CAPITAL STOCK (continued)
Under the Stock Option Plan, the following options were granted by the Corporation and are outstanding as at August 31:
2007 2006
WEIGHTED WEIGHTED
AVERAGE AVERAGE
EXERCISE EXERCISE
OPTIONS PRICE OPTIONS PRICE
$ $
OUTSTANDING, BEGINNING OF YEAR 715,571 20.88 590,723 18.98
GRANTED 577,587 26.69 136,059 28.61
EXERCISED (348,131) 19.58 (7,112) 9.26
FORFEITED (2,313) 26.71 (4,099) 23.89
OUTSTANDING, END OF YEAR 942,714 24.91 715,571 20.88
EXERCISABLE, END OF YEAR 239,067 21.58 433,855 20.35
At August 31, 2007, the range of exercise prices, the weighted average exercise price and the weighted average remaining
contractual life of options are as follows:
OPTIONS OUTSTANDING OPTIONS EXERCISABLE
WEIGHTED
AVERAGE WEIGHTED WEIGHTED
REMAINING AVERAGE AVERAGE
NUMBER CONTRACTUAL EXERCISE NUMBER EXERCISE
RANGE OF EXERCISE PRICES OUTSTANDING LIFE (YEARS) PRICE EXERCISABLE PRICE
$ $ $
7.05 19,456 5.17 7.05 19,456 7.05
14.30 TO 18.12 82,846 6.19 16.51 50,909 16.49
20.40 TO 26.63 728,110 8.49 25.63 132,466 23.42
29.05 TO 33.12 109,057 8.21 29.18 33,561 29.13
36.10 TO 44.54 3,245 4.44 39.35 2,675 38.25
942,714 8.14 24.91 239,067 21.58
62 COGECO CABLE INC. 2007 Notes to Consolidated Financial Statements